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Go Iraq Part 4


6ly410
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The Iranian presidency has approved the deletion of four zeros from the national currency and the replacement of the riyal by the Toman.

"The deletion of four zeros from the country's national currency has been approved and the national currency will be replaced from the riyal to the tuman, because the toman is the most popular in the internal exchanges," said Iranian President Mahmoud Wazee, head of the Iranian presidential office
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The Iranian presidency has approved the deletion of four zeros from the national currency and the replacement of the riyal by the Toman.

"The deletion of four zeros from the country's national currency has been approved and the national currency will be replaced from the riyal to the tuman, because the toman is the most popular in the internal exchanges," said Iranian President Mahmoud Wazee, head of the Iranian presidential office.
 
 
 
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The president of the Central Bank will provide more information on the subject next Sunday," he said. 

In turn, the agency "Fars" Iran, "This proposal aims to maintain the effectiveness of the national currency and facilitate and modernize tools of cash payments in local transactions, along with reducing the cost of printing banknotes and reduce the huge problems in the daily exchange, and the burden of counting currency and cash coins and carry large amounts Of which".
 

The official price of the US dollar is 42,000 Iranian riyals.
 
 
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1 minute ago, navira said:

I had said before these fools would do something with their currency before iraq....here it is...I reported it...cheers bros

 

Several of us said the same thing Navira. I just hope it works out in our favor. Fingers crossed.

 

  pp

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Just now, WheresmyRV? said:

Is this a lop? The Iranian presidency has approved the deletion of four zeros from the national currency and the replacement of the riyal by the Toman.

 

To early to tell WRV, they said full explanation on coming Sunday, what ever that means ?

 

  Cheers, pp

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3 hours ago, WheresmyRV? said:

Is this a lop? The Iranian presidency has approved the deletion of four zeros from the national currency and the replacement of the riyal by the Toman.

My personal opinion only is that all of this is being orchestrated on the international level with groups like the imf world bank, Bank of International Settlements, the Faster Payments Taskforce, that Trump establishes when first coming into office. It is all part of “Leveleing the Playing Field”, that He, Steve Mnuchin, Christine Lagarde former managing director of the IMF, Mark Carney of the Bank of England all have been saying! 

 

I think this all ties together with RTGS currencies... (Real Time Gross Settlements)  This is all going to play into central banks changing over to blockchain DLT technologies working in the background. The average citizen won’t know it or understand it, many of them will still use cash and go to the bank like normal but all these countries are going to be reset according to natural resources, Human Resources, Imports/Exports etc to find their true value. Iran and Other countries have been finding a crypto work around from the mainly US dominated SWIFT system. 

 

Not to sound like a broken record, but I believe that XRP will be the bridge digital asset between all these various CBDC

(Central Bank Digital Currencies) 

 

I believe Iran will devalue, and I believe Iraq will Revalue. Iran 4 zeros off the notes with a new currency, and Iraq 3 zeros off the .00084 rate.  All will be settled internationally using RTGS through the IOV (Internet of Value) or Interledger Protocol using R3 Corda Settler and the XRPL ledger. It will be as easy to send money international as it is to send an email. All KYC/AML compliant..... 

 

we shall see but in my opinion it’s all connected! This is a huge orchestra getting ready for a final crescendo! 

 

🤞🏻🤞🏻🤞🏻

 

I could be wrong though. Just years of reading and listening trying to figure out how it all goes together 

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4 hours ago, pokerplayer said:

 

To early to tell WRV, they said full explanation on coming Sunday, what ever that means ?

 

  Cheers, pp

You can bet it will be a lop. They are completely lopping off 4 zeros because of inflation and completely changing the currency to a new name. Depending on what value they value the new currency at which most likely will be the same this is a true definition of a Lop!! This is also why Iraq will not be doing a Lop because if that was the case they would have done it a long time ago! Iran is doing this because of the conditions of super high inflation because of all the sanctions and most likely will get even worse before it gets better for them! Too bad for all the good Iranian people as their government really needs to be overthrown and kicked out period! All those people have to suffer because of the corrupt elite over their again! 

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Economist for the "Covenant News": The government to draw the budget 2020 as an investment budget

 Articles 31/07/2019 08:45 AM |
 
Economist for the "Covenant News": The government to draw the budget 2020 as an investment budget

Al-Ahed News - Baghdad

Economic expert Saleh al-Hamashi stressed on the need to be Iraq's budget for 2020, an investment budget, not budget balancing "items" or a classic budget.

"The government should be aware that the budget is one of the public spending doors to move the market and the Iraqi economy, so it has to increase its spending in the 2020 budget, especially in the presence of financial abundance," Al-Hamashi told The New Testament on Wednesday.

He explained that "the budget this year reduced the deficit through the oil price difference, so the government to draw a budget in which public spending will move the projects, but if the government dictates the budget in the manner of items and classical way, it can not move the economy rigid and can not absorb Labor or unemployment, especially with the presence of 400 thousand workers annually enter the Iraqi market. "

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HE the Governor of the Central Bank of Iraq, Dr. Ali Al-Aalak, visited the building of the new public administration of the Iraqi Bank for Trade (TBI) located in the capital Baghdad on Al-Rasheed Street and was received by Mr. Faisal Al-Hims, Chairman of the Iraqi Trade Bank and Chairman of the Board. And the sections of the building of the new public administration are familiar with the work of the departments and the great efforts they make according to their specialization.

The relations pointed to the role of the Iraqi Trade Bank in supporting the economy of our country and the financial facilities provided to foreign companies to contribute to the development and reconstruction of the country, and also on the level of investment loans.

The Bank's banking products (Tastahl, Jamar, Travel Loan, Personal Loans) granted by the Bank to employees have effectively contributed to the overall support and evaluation of the banking business by offering such products for the first time in Iraq.

Dr. Ali Al-Aalak concluded his visit to the bank by praising the great role played by all bank employees and their managers in the outstanding banking performance and his blessing to the bank in the new public administration building, which represents a bank worthy of the Iraqi Bank for Trade.

Iraqi Trade Bank

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